NOT LISTED FOR SALE

Estimated Value: $14,823,862

0.69 Acre
$21,483,858 Price per Acre
30,056 Sq Ft Lot

Last Sold November 20, 2020

Last sale price $10,995,000 $1,811 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $100,282/month

588 Days on Market

Highlights

  • 150 Feet of Waterfront
  • Dock Available
  • Boat Lift
  • North Beach Elementary School Rated A-

About This Lot

As of November 2020

30,000 +\- SF lot with 150 FT of waterfront on North Bay Road with downtown views. Perfect to build your dream home or invest for the future. Plans for a beautiful modern home have been submitted to the city awaiting approval. See renderings.

Last Agent to Sell the Property

Mirce Curkoski

One Sotheby's International Re License #3187828 Listed on: 03/06/2019

One Sotheby's International Re

Co-Listed By

Albert Justo

One Sotheby's International Re License #3070592

Last Buyer's Agent

Brett Harris

Bespoke Real Estate Florida LLC License #3192059

Bespoke Real Estate Florida LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $255,640

Lot Details

  • 150 Feet of Waterfront

Listing and Financial Details

  • Assessor Parcel Number 02-32-15-003-0220

Community Details

Overview

  • La Gorce Golf Community

Recreation

  • Boat Lift
  • Dock Available

Property Details

Property Type

Land

Est. Annual Taxes

$255,640

Lot Details

0

Listing Details

  • Internet Remarks: A rare opportunity to own a 29,000 sf lot with 150 ft of water front on N Bay Road, with the best downtown views. Perfect to build your dream home.
  • Municipal Code: 2
  • Property Type: Residential Land/Boat Docks
  • Section: 15
  • Property Sq Ft: 30000
  • Zoning Information: 21/EST 1
  • Styleof Property: Zoned Residential
  • Miscellaneous Improvements: Fenced, Waterfront Bulkhead
  • Surface Description: Paved Road
  • Intended Use: Unknown/Withheld
  • Ratio Close Price By List Price: 0.85233
  • Website: https://www.onesothebysrealty.com/5860nbayrd
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Front Exposure: West

Exterior Features

  • Water Access: Boatlift, Dock Available, Private Dock
  • Waterfront Description: Bay Front, Ocean Access, Seawall
  • Waterfront Frontage: 150
  • Lot Size: 30000
  • Waterfront Property: Yes
  • Boat Dock Accommodates: More Than 100+ Foot Boat
  • Road Description: Paved Road, Public Road

Utilities

  • Sewer Description: Municipal Sewer
  • Water Description: Municipal Water
  • Utilities Available: Cable Tv, Electric, Gas, Phone Line, Sewer, Trash Removal, Water

Condo/Co-op/Association

  • Subdivision Complex Bldg: 10-22-11 53 42 LA GORCE G
  • Development Name: LA GORCE GOLF
  • Subdivision Information: Golf Course Community

Lot Info

  • Lot Description: 1/2 To Less Than 3/4 Acre Lot
  • Parcel Number: 02-32-15-003-0220
  • Ground Cover Description: Grass/Pasture
  • Location: City Location
  • Type of Soil: Dirt
  • Dade Assessed Amt Soh Value: 6577529
  • Lot Sq Footage: 30000
  • Parcel Number Mlx: 0220

Tax Info

  • Tax Amount: 33760
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2019
Closed on
Nov 19, 2020
Sold by
Ambassa Holdings Inc
Bought by
Posner Jarret and Posner Pamela
Seller's Agent
Mirce Curkoski
One Sotheby's International Re
Buyer's Agent
Brett Harris
Bespoke Real Estate Florida LLC
List Price
$15,900,000
Sold Price
$10,995,000
Premium/Discount to List
-$4,905,000
-30.85%
Current Estimated Value
$14,823,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,828,862
Avg. Annual Appreciation
6.69%

Purchase Details

Closed on
Apr 3, 2018
Sold by
City Of Miami Beach
Bought by
Ambassa Holdings Inc

Purchase Details

Closed on
May 6, 2014
Sold by
Schindler Roger J
Bought by
Ambassa Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
4.37%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 9, 2012
Sold by
Schindler Roger J
Bought by
Schindler Leslie P
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Posner Jarret $10,955,000 Attorney
Posner Jarret $10,955,000 None Listed On Document
Ambassa Holdings Inc -- Attorney
Ambassa Holdings Inc $9,650,000 Attorney
Schindler Leslie P -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Posner Jarrett $15,000,000
Previous Owner Ambassa Holdings Inc $3,500,000
Previous Owner Ambassa Holdings Inc $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $10,995,000 -14.8% $1,811 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
05/04/2020 05/04/20 Price Changed $12,900,000 -7.2% $2,125 / Sq Ft
11/26/2019 11/26/19 Price Changed $13,900,000 -12.6% $2,290 / Sq Ft
03/06/2019 03/06/19 For Sale $15,900,000 -- $2,619 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $255,640 $32,760,830 $18,645,900 $14,114,930
2024 $244,621 $11,619,231 -- --
2023 $244,621 $10,566,931 $0 $0
2022 $203,433 $9,606,301 $0 $0
2021 $168,618 $8,733,001 $8,726,281 $6,720
2020 $109,377 $6,847,208 $6,840,392 $6,816
2019 $104,002 $6,847,304 $6,840,392 $6,912
2018 $103,128 $5,789,183 $5,782,175 $7,008
2017 $137,773 $7,234,823 $0 $0
2016 $187,918 $9,206,689 $0 $0
2015 $165,823 $8,369,718 $0 $0
2014 $33,761 $1,701,858 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10624637

MIAMI REALTORS® MLS

APN: 02-3215-003-0220